IMMACULATA UNIVERSITY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

AMY A BOSIO

Phone

6106474400

Tax Period

2023-07-01 to 2024-06-30

IMMACULATA UNIVERSITY, founded in 1946, is a mid-sized nonprofit in the Education sector that reported $55.2M in total revenue in fiscal year 2023.

Mission

IMMACULATA UNIVERSITY (THE UNIVERSITY) IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION FOUNDED IN 1920 BY THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY (THE CONGREGATION). THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS TO MEN AND WOMEN DIRECTED PRIMARILY TOWARD LIBERAL ARTS AND PROFESSIONAL EDUCATION. IN ADDITION TO ON CAMPUS AND OFF-SITE GRADUATE AND UNDERGRADUATE PROGRAMS, THE UNIVERSITY OFFERS COURSES IN ONLINE INSTRUCTION. THE UNIVERSITY IS COMMITTED TO SCHOLARSHIP AND THE FORMATION OF THE WHOLE PERSON FOR LEADERSHIP AND SERVICE AND TO THE EMPOWERMENT OF ALL MEMBERS OF THE COMMUNITY TO SEEK TRUTH, PROMOTE JUSTICE, FOSTER PEACE AND ENGAGE IN DIALOGUE BETWEEN FAITH AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $36,435,530 Revenue: $41,528,261

TO EDUCATE AND PROVIDE RELATED SERVICES TO STUDENTS. IN THE FALL TERM OF ACADEMIC YEAR 2023/2024, THIS PROGRAM BENEFITTED 2,426 OF WHOM 988 WERE TRADITIONAL UNDERGRADUATE AND 897 GRADUATE STUDENTS...

TO EDUCATE AND PROVIDE RELATED SERVICES TO STUDENTS. IN THE FALL TERM OF ACADEMIC YEAR 2023/2024, THIS PROGRAM BENEFITTED 2,426 OF WHOM 988 WERE TRADITIONAL UNDERGRADUATE AND 897 GRADUATE STUDENTS. THIS PROGRAM ALSO CONTRIBUTED TOWARD THE GRADUATION OF 459 STUDENTS DURING ACADEMIC YEAR 2023/2024.

Program 2

Expenses: $2,785,120 Revenue: $3,542,526

TO PROVIDE LIVING QUARTERS FOR STUDENTS. IN THE FALL TERM OF ACADEMICYEAR 2023/2024, THIS PROGRAM BENEFITTED 511 STUDENTS.

Program 3

Expenses: $3,423,077 Revenue: $2,622,886

TO PROVIDE MEALS TO STUDENTS. IN THE FALL OF 2023, THIS PROGRAMBENEFITTED 534 STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,470,171

Program Service Revenue $47,760,003

Investment Income $1,996,736

Other Revenue $932,190

TOTAL REVENUE $55,159,100

Expense Breakdown

Grants Paid $13,455,995

Salaries & Benefits $21,969,869

Fundraising Expenses $866,015

Program Expenses $42,643,727

Other Expenses $20,385,249

TOTAL EXPENSES $55,811,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,159,100	$51,996,541	+0.1%
Expenses	$55,811,113	$51,843,905	+0.1%
Net Income	$-652,013	$152,636	-5.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

994

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,199,167

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SISTER MARGARET ROSE ADAMS	TRUSTEE	2.00	Director	$0	$0	$0
PEGGY BEHM	TRUSTEE (BOARD CHAIR)	2.00	Officer Director	$0	$0	$0
PHYLLIS BELLOPEDE	TRUSTEE	2.00	Director	$0	$0	$0
NORMA C BROWN	TRUSTEE	2.00	Director	$0	$0	$0
SISTER ELAINE DECHANTAL BROOKES	TRUSTEE	2.00	Director	$0	$0	$0
JUSTIN CUSICK	TRUSTEE	2.00	Director	$0	$0	$0
SISTER JOHN EVELYN DITROLIO IHM	TRUSTEE	2.00	Director	$0	$0	$0
CINDY EGNOTOVICH	TRUSTEE	2.00	Director	$0	$0	$0
AJ GABRIELE	TRUSTEE	2.00	Director	$0	$0	$0
MELISSA GEORGE	TRUSTEE	2.00	Director	$0	$0	$0
RALPH J HALL	TRUSTEE	2.00	Director	$0	$0	$0
SISTER REGINA M HAVENS IHM	TRUSTEE	2.00	Director	$0	$0	$0
KATHLEEN HOHENADEL	TRUSTEE	2.00	Director	$0	$0	$0
KATHLEEN JAMES	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA A KNECHT PHD	TRUSTEE	2.00	Director	$0	$0	$0
MARY LOU KRAMER	TRUSTEE	2.00	Director	$0	$0	$0
BERNADETTE MAGUIRE	TRUSTEE	2.00	Director	$0	$0	$0
DIANNE MANGES	TRUSTEE	2.00	Director	$0	$0	$0
SISTER PATRICIA MENGEL IHM	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY J MONTAGNOLO	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN MOORE	TRUSTEE	2.00	Director	$0	$0	$0
THERESA M PAYTON	TRUSTEE	2.00	Director	$0	$0	$0
SISTER STEPHEN ANNE RODERIGUEZ IHM	TRUSTEE	2.00	Director	$0	$0	$0
SISTER MARY SMITH IHM	TRUSTEE	2.00	Director	$0	$0	$0
SISTER MARY ELLEN TENNITY IHM	TRUSTEE	2.00	Director	$0	$0	$0
MIMI DRAPER WALSH	TRUSTEE	2.00	Director	$0	$0	$0
JUDITH WITT	TRUSTEE	2.00	Director	$0	$0	$0
BARBARA LETTIERE	PRESIDENT	40.00	Officer	$233,665	$18,336	$252,001
SUSAN ARNOLD	VP OF ADVANCEMENT	40.00	Officer	$185,961	$15,380	$201,341
PATRICIA CANTERINO	VP FOR SD & UA	40.00	Officer	$179,498	$14,604	$194,102
ANGELA TEKELY	VP ACADEMIC AFFAIRS	40.00	Officer	$133,491	$29,771	$163,262
AMY BOSIO	VP FINANCE & ADMINISTRATION	40.00	Officer	$182,589	$35,691	$218,280
SISTER ANTOINE LAWLOR IHM	VP FOR MISSION AND MINISTRY	40.00	Officer	$0	$0	$0
STEVEN KENDUS	VP OF MARKETING AND COMMUNICATIONS	40.00	Officer	$154,237	$15,944	$170,181
KEVIN CONVERY	DIRECTOR OF FACILITIES	40.00	Highest	$111,117	$6,237	$117,354
MARY POWELL	DEAN/ASSOCIATE PROFESSOR	40.00	Highest	$122,563	$8,545	$131,108
MELISSA REED	DEAN	40.00	Highest	$114,278	$11,163	$125,441
JEFFREY ROLLISON	DIRECTOR OF LIBRARY	40.00	Highest	$122,142	$11,082	$133,224
JOSEPH CORABI	PROFESSOR	40.00	Highest	$102,851	$9,898	$112,749

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$55,159,100	$55,811,113	$88,610,134	$-652,013
2023	$51,996,541	$51,843,905	$87,633,205	$152,636
2022	$55,823,873	$51,863,701	$89,439,776	$3,960,172
2021	$52,685,329	$46,596,384	$90,984,973	$6,088,945
2020	$49,758,915	$49,083,243	$85,601,262	$675,672
2019	$46,638,288	$49,260,215	$81,693,434	$-2,621,927
2018	$48,362,720	$53,759,061	$83,467,895	$-5,396,341